MSK Client Stealth Monitoring Announces Equity Investment from Twin Point Capital
MSK Client Stealth Monitoring ("Stealth") announced today that Twin Point Capital LLC ("Twin Point") has made a significant equity investment in the company. Auxo Management LP ("Auxo"), a privately held investment firm led by Stealth CEO Robert Cherun and President Erik Mikkelsen, will retain a substantial ownership in the company and existing management remains in place. Terms of the transaction were not disclosed.
Stealth is one of the largest and fastest growing providers of live video monitoring solutions in North America. The company is a leading and trusted provider of a high-quality and highly reliable suite of services, including video monitoring, access control, video analytics, and detection services that deter crime and provide real-time and valuable business data and analytics. Stealth works closely with its customers in designing, installing, and implementing highly customized solutions across multiple industries including: construction, multi-family residential, shopping center and retail, automotive, office and commercial, industrial and manufacturing, energy, and distribution and logistics businesses. Founded in 2003, Stealth has grown from 50 to over 550 employees. The company provides its services through fifteen offices and three redundant live video monitoring command centers. Stealth's team proactively monitors over 25,000 cameras daily, resulting in more than 15,000 deterred crimes, 500+ arrests, and 35,000+ analyzed customer videos per year.
MSK Corporate & Business Transactions Partner Lessing E. Gold provided legal counsel to the client, advising on matters pertaining to licensing, preparation of their U.S. corporation, trademark and other matters in connection with their entry into the U.S. market.
As part of the transaction, Stealth raised new debt capital which was provided by Pacific Western Bank and CIBC Bank USA.
Twin Point Capital is a principal investment firm founded by Lawrence H. Guffey and Jonathan E. Friesel in 2015 with offices in Palo Alto, CA and New York, NY. Twin Point seeks to partner with outstanding management to build market leading companies and drive strong long-term growth.